FEMSA (ADR)
Combines OXXO-led proximity retail with Coca-Cola bottling and digital services across multiple markets.
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Profile
Operates OXXO-led proximity stores, Coca-Cola bottling, pharmacies, fuel stations, European convenience and food service, and Spin digital services. Proximity retail and Coca-Cola FEMSA are the two largest revenue pillars, linking frequent consumer traffic with beverage production and distribution across the Americas and Europe.
Runs OXXO-led proximity retail across the Americas, Valora convenience and food-service formats in Europe, pharmacy chains, OXXO Gas, and Spin financial and loyalty services. Coca-Cola FEMSA produces, distributes, and markets Coca-Cola-trademark beverages across Latin America.
Proximity Americas and Coca-Cola FEMSA are the two largest revenue pillars. The portfolio pairs frequent consumer visits with bottling and route-to-market execution, while the refocused structure concentrates on Retail, Coca-Cola FEMSA, and Digital.
Operations span Latin America, the United States, and Europe. Results depend on consumer traffic through small-format stores, The Coca-Cola Company's franchise system, regulated beverage and pharmacy markets, and a family-influenced voting trust.
Company facts
Key statistics
Year to date +19.0% · Average volume (30d) 470.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | BBVA | Downgrade | Outperform | Market Perform | ||
| Aug 11, 2026 | Santander | Downgrade | Neutral | |||
| Aug 11, 2026 | Banco Santander | Target | $130 | |||
| Aug 6, 2026 | UBS | Downgrade | Buy | Neutral | ||
| Aug 4, 2026 | Bank of America Securities | Upgrade | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.06 | $0.93 | +1,409.7% | $12.94B | $13.20B | +2.0% | −3.34% |
| Apr 30, 2026Q1 FY26 | $0.65 | $0.92 | +41.5% | $11.43B | $11.71B | +2.5% | +1.46% |
| Feb 25, 2026Q4 FY25 | $1.50 | $0.92 | −38.7% | $12.21B | $12.21B | 0.0% | +0.39% |
| Oct 28, 2025Q3 FY25 | $1.06 | $0.88 | −17.0% | $11.60B | $11.71B | +0.9% | −0.54% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $9.48B | $11.34B | $11.52B | $12.03B | $11.62B | $13.22B | |
| Gross profit | $3.82B | $4.61B | $4.60B | $5.00B | $4.70B | $5.30B | |
| Operating income | $606.9M | $942.3M | $960.3M | $1.32B | $800.5M | $1.09B | |
| Net income | $281.4M | $145.5M | $129.5M | $465.8M | $829.2M | $316.7M | |
| Diluted EPS | $0.45 | $0.44 | $0.87 | $0.98 | $2.50 | $0.93 | |
| Gross margin | 40.3% | 40.7% | 39.9% | 41.5% | 40.5% | 40.1% | |
| Operating margin | 6.4% | 8.3% | 8.3% | 10.9% | 6.9% | 8.3% |
Fiscal years (4-quarter sums)FY21 $556.26B · FY22 $597.01B · FY23 $702.69B · FY24 $582.29B · FY25 $44.36B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $116.55B · Total debt $14.47B · Total assets $45.92B · Shareholders' equity $12.39B
Dividends
Raised for 2 straight years — most recently to $1.8233 from $1.0704 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 15, 2026 | Jul 15 | Jul 27 | $1.8233 | raised from $1.0704 |
| Apr 22, 2026 | Apr 22 | May 4 | $1.8361 | special dividend |
| Jan 16, 2026 | Jan 16 | Jan 26 | $2.0814 | special dividend |
| Oct 16, 2025 | Oct 16 | Oct 27 | $1.992 | special dividend |
| Jul 17, 2025 | Jul 17 | Jul 28 | $1.9635 | special dividend |
| Apr 24, 2025 | Apr 24 | May 5 | $1.8715 | special dividend |
| Jan 17, 2025 | Jan 17 | Jan 28 | $0.8977 | special dividend |
| Oct 16, 2024 | Oct 16 | Oct 28 | $0.9456 | special dividend |
Ownership
Shares outstanding 340.68M · Float 293.54M · 86.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 138.89M | 7.00% | 13G | Jul 30, 2026 |
| Cascade Investment, L.L.C. | 27.89M | 14.00% | 13D | Apr 2, 2026 |
| First Eagle Investment Management, LLC | 13.01M | 3.82% | 13F | Aug 24, 2026 |
| Royal Bank of Canada | 6.25M | 1.83% | 13F | Aug 14, 2026 |
| Harding Loevner LP | 5.38M | 1.58% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Michael David Kahn | director | +2,100 | $118.13 |
| Jun 10, 2026 | Montesinos Constantino Spas | officer: Americas & Mobility Division | −7,481 | $12.38 |
| Mar 27, 2026 | garza Alfonso garza | director | −52,311 | $11.19 |
| Mar 26, 2026 | garza Alfonso garza | director | −52,316 | $11.04 |
| Mar 25, 2026 | garza Alfonso garza | director | −52,316 | $11.07 |
Peers
- PepsiCo
Beverage-system rival across Mexico and Latin America.
- Ambev (ADR)
Direct bottling and route-to-market rival in South America.
- MercadoLibre
Latin American digital-wallet and payments rival.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| FEMSA (ADR) | $120.12 | −0.02% | $40.92B | 22.8 | 22.8 | 1.0 | +17.1% |
| PepsiCo | $141.75 | +0.48% | $192.70B | 18.5 | 16.2 | 2.0 | +6.4% |
| Ambev (ADR) | $2.87 | +0.35% | $44.20B | 14.3 | 17.5 | 2.7 | +7.5% |
| MercadoLibre | $1,962.01 | −0.29% | $99.68B | 53.5 | 45.6 | 2.8 | +50.2% |
| Median | 18.5 | 17.5 | 2.7 | +7.5% |